Executive remuneration is an emotive topic. Each reporting season there is intense public scrutiny of executive remuneration as investors and other stakeholders look for assurance that executive pay practices are driving sustainable shareholder value. Companies and the readers of their remuneration report have a common interest: the clear communication of remuneration practices. Yet there is a consensus that remuneration reports remain unwieldy and ineffective, and that this is driven, at least in part, by the current regulatory requirements.

With this in mind, PwC joined with the G100 and Cochlear Limited to develop a real-life example of what the remuneration report could look like if current legislation was changed. The resulting ‘Streamlined Remuneration Report of the future’ is not meant to comply with all current requirements, but to start a conversation around improving this vital communication tool.